What is a merchant wallet?

A merchant wallet is a business‑grade digital wallet for receiving, storing, and using cryptocurrency as part of day‑to‑day operations. It supports tasks like accepting payments, paying suppliers, managing teams, and converting crypto to fiat.

A merchant wallet differs from a personal wallet because it adds controls, reporting, and compliance features built for companies. Expect multi‑user permissions, multi‑signature security, risk scoring, and a built‑in exchange rather than a single private key used by one person.

Key characteristics

• Business controls. Multi‑user access with roles and approval flows. Multi‑signature options for safer custody.
• Operational tools. Invoices, payment links, and e‑commerce plugins for platforms like WooCommerce, Magento 2, OpenCart, PrestaShop, Drupal, and Joomla.
• Back‑office visibility. Dashboards, accounting docs, and exportable reports that finance teams can use.
• Conversions. Direct crypto‑to‑fiat conversion, support for different cryptocurrencies and ability to connect bank accounts.
• Compliance and security. Licensed operations, relevant certification, on‑chain monitoring, and external security audits.

How it works

• Onboarding. The business signs up with a licensed provider and passes KYB/KYC checks.
• Wallet setup. The account issues deposit addresses for each supported asset and network. Teams configure permissions and approvals.
• Accept payments. Customers pay by scanning a QR code or clicking a link. Merchants track status in a Back Office and can auto‑convert funds.
• Settlements. Withdraw to bank accounts via SEPA or SWIFT, or hold funds in crypto with multi‑sig cold storage when needed.

Benefits for merchants

• Lower processing costs. Crypto payment fees are 1.5% or less, often two to three times cheaper than many traditional methods. International bank wires can take up to 5 business days and add extra fees.
• Speed and reach. Near‑instant cross‑border settlement helps reach international customers faster.
• Reduced fraud risk. On‑chain records are transparent and tamper‑resistant.
• Bigger audience. Over 40 million people use mobile crypto wallets in 2025, so the user base is real and growing.
• Operational clarity. Built‑in reports and documentation support audits and tax filing.
• Security and compliance. Independent security audits and dedicated AML functions with an MLRO.

Merchant wallet vs digital wallet (consumer)

• A merchant wallet is a business tool. It adds roles, approvals, risk checks, and reporting. It integrates with APIs and e‑commerce plugins and supports payments at scale.
• A consumer digital wallet focuses on personal custody and spending. It rarely includes multi‑user controls, audit‑ready exports, or enterprise security.

We have a detailed rundown of what it’s like to have a crypto wallet for business.

How a merchant crypto wallet fits into your stack

• Point of sale and checkouts. Generate invoices and QR codes online or in‑store. Track confirmations in real time.
• E‑commerce. Add official plugins to major platforms and start accepting bitcoin and other assets with one interface.
• Treasury and FX. Convert across different cryptocurrencies and fiat currencies to set up cash flow in a way that works for you.
• Payroll and partners. Use Mass Payouts to pay staff, affiliates, and suppliers in minutes.

Merchant wallet examples

• CryptoProcessing Business Wallet. An Estonia‑regulated provider for accepting crypto payments, sending payouts, and withdrawing to a bank account. It comes with APIs, plugins, Back Office, and multi‑sig custody options.
• Payment gateway wallet. Part of a crypto payment processor that collects customer payments and converts them to fiat at the point of settlement.
• Self‑custody enterprise wallet. Used by larger teams that require multi‑user permissions and approval policies for internal controls.